John R. answered • 04/12/13

John R: Math, Science, and History Teacher

A = P(1 + r^{n}) Given

A = 30,000(1 + .14^{3}) Substitution

A = 30,000(1 + .002744) Find the cube of .14

A = 30,000(1.002744) Add 1 to .002744

A = 30,082.32 Multiply 30,000 times 1.002744

John R.

Was the interest compounded yearly, or was it more often then that?

04/12/13

Jamal M.

The correct answer was 44446.32

04/12/13